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Regulatory Quality in EuropeConcepts, Measures and Policy Processes$
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Claudio M. Radaelli and Fabrizio De Francesco

Print publication date: 2011

Print ISBN-13: 9780719074042

Published to University Press Scholarship Online: July 2012

DOI: 10.7228/manchester/9780719074042.001.0001

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date: 14 December 2017

How indicators perform: a review of the literature

How indicators perform: a review of the literature

Chapter:
(p.51) 3 How indicators perform: a review of the literature
Source:
Regulatory Quality in Europe
Author(s):

Claudio M. Radaelli

Fabrizio De Francesco

Publisher:
Manchester University Press
DOI:10.7228/manchester/9780719074042.003.0004

This chapter provides a critical analysis of the most important measures used to assess the quality of regulation. It reviews indicators produced by academics, the World Bank and the OECD. It links indicators to policy processes by showing how and when they can be used, in relation to sets of principles of better regulation and by types of policy-makers. It starts with economic studies that rely on statistical analysis and proposes systems to aggregate indicators of regulatory quality into an overall index. Then, it turns to simple measures to assess the quality of regulation. The advantage of simple measures is related to the direct link between a phenomenon and a number. It shows that the distinction between objective and subjective indicators of regulatory governance is not clear-cut.

Keywords:   regulation quality, World Bank, OECD, regulatory governance

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